First Farmers State Bank in Sullivan, Indiana (IN)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 19, 2004

  • First Farmers State Bank in Sullivan, Indiana (IN)
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First Farmers State Bank - Overview

  • General
  • FDIC Certificate #: 17456
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Financial Bank, National Association (#4382)
    Federal Reserve ID: 760041
    Date Established: August 13, 1955
    WWW: http://www.first-online.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Interstate: No)
    OTS Docket #: 8929
    FDIC's unique #: 11445
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 13, 1955
    Last Structure Change Effective Date: September 19, 2004
    Last Structure Change Process Date: October 18, 2004
    Last Data Update: October 18, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 15 South Main Street, Sullivan, IN 47882
    County: Sullivan
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: Chicago
    FDIC Field Office: Indianapolis
    Office of the Comptroller the Currency (OCC) District: Central
    Office of Thrift Supervision Region: Central
    Core Based Statistical Area (CBSA): Terre Haute, IN (#45460)
    CBSA Metro Statistical Area: Terre Haute, IN (#45460)
  • Financial Summary
  • Total assets: $183.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2003)

  • Dollar figures in thousands
  • 59Total employees (full-time equivalent)
  • $186,433Total assets
  • $4,307Cash and due from depository institutions
  • $0Interest-bearing balances
  • $44,815Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $126,474Net loans & leases
  • $2,087Loan loss allowance
  • $0Trading account assets
  • $1,666Bank premises and fixed assets
  • $1,282Other real estate owned
  • $286Goodwill and other intangibles
  • $0Life insurance assets
  • $7,603All other assets
  • $186,433Total liabilities and capital
  • $167,348Total liabilities
  • $123,996Total deposits
  • $106,404Interest-bearing deposits
  • $123,996Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $39,273Other borrowed funds
  • $0Subordinated debt
  • $579All other liabilities
  • $19,085Total equity capital
  • $19,085Total bank equity capital
  • $19,085Perpetual preferred stock
  • $0Common stock
  • $350Surplus
  • $2,452Undivided profits
  • Memoranda
  • $16,283Noncurrent loans and leases
  • $10,020Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,282Earning assets
  • $0Long-term assets (5+ years)
  • $1,341Average Assets, year-to-date
  • $171,289Average Assets, quarterly
  • $57,801Volatile liabilities
  • $183,920Insider loans
  • $183,282FHLB advances
  • $16,063Loans and leases held for sale
  • $1,053Unused loan commitments
  • $39,273Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $10,020Total unused commitments
  • $35Restructured Loans and leases
  • $1,628Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $10,177Total interest income
  • $4,513Total interest expense
  • $5,664Net interest income
  • $300Provision for loan and lease losses
  • $1,313Total noninterest income
  • $0Fiduciary activities
  • $799Service charges on deposit accounts
  • $0Trading account gains & fees
  • $514Additional noninterest income
  • $3,737Total noninterest expense
  • $2,037Salaries and employee benefits
  • $394Premises and equipment expense
  • $1,306Additional noninterest expense
  • $2,940Pre-tax net operating income
  • $1Securities gains (losses)
  • $808Applicable income taxes
  • $2,133Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,133Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $623Sale, conversion, retirement of capital stock, net
  • $837Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.99%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.34%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 2.20%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.60%Pretax return on assets
  • 11.47%Return on equity (ROE)
  • 6.97%Retained earnings to average equity (YTD only)
  • 0.49%Net charge-offs to loans
  • 48.15%Credit loss provision to net charge-offs
  • 5.20%Efficiency ratio
  • 53,132Assets per employee
  • 3.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.24%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 91.45%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 102.00%Net loans and leases to core deposits
  • 113.50%Equity capital to assets
  • 10.24%Core capital (leverage) ratio
  • 9.85%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $183,920Average earning assets
  • $18,591Average equity
  • $169,777Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $16Managed Assets
  • 1Number of Accounts
  • $16Personal trust and agency accounts
  • $16Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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